Bean A
7.6K posts


Here is why I think $AMC will bottom by Q1 2024 around $5.54-$4.90. -Industry Forecast: The 2024 Box Office will see a correction below 2023 performance due to the Hollywood Strike. Starting Q4 2024 Box Office will begin to return to to 2019 level end of 2025-2026. -Index Funds has to rebalance the Russell 2000 in June 2024. They will have to accumulate about 26% of $APE shares converted to $AMC shares plus 26% of any additional dilution AA did after the CRS. This was one of the reasons for the fun in June 2021 because AA diluted a lot and index funds had to accumulate all those shares to rebalance in June 2021. -I expect AA to restructure #AMC 2026 debt in Q1 or Q2 2024 and extend its maturity by at least 5 years. I hope he does if he's smart and does not try to keep raising capital to pay of off. This will give the company time to recover and return to profitability. -Looking at all of this, Q1-Q2 2024 $AMC would have to bottom because I anticipate accumulation will begin by March 2024. -For the upside price target of $175-$202 that follows a TA setup which has a Fair Value Gap that usually gets closed. Currently, there is a huge MACD bullish divergence in the weekly chart. I hope this was helpful.











$AMC - After-hours Market Chasers











